Hammond, Kennedy, Whitney & Company, Inc. Announces Add-on Acquisition by Royal Camp Services Ltd.
Indianapolis, IN – October 16, 2014 – Royal Camp Services Ltd. (“Royal Camp” or the “Company”), which provides workforce accommodations, catering and complementary services (“Camp and Catering” services) to customers operating in the oil & gas, mining and oil sands industries in western Canada., announced a complimentary add-on with the acquisition of Summit Catering Ltd. (“Summit”). Based in Smithers, British Columbia, Summit also provides catering and camp services to remote locations throughout Canada.
“The acquisition of Summit is a huge positive for Royal Camp. The existing relationships and established presence of Summit will enhance Royal Camp’s capability to provide both existing and new customers with first class camp accommodations and catering in the important BC market.” said Daryl Rackel, President of Royal Camp. “
“The Royal Camp management team has done an outstanding job with organic growth over the last few years and with this acquisition, the Company is well positioned to serve the many opportunities in BC. We welcome the Summit team and look forward to the benefits of the combined Company.” Said Jeff Wood, CEO of HKW and Chairman of Royal Camp.
About Royal Camp
Royal Camp is a leading provider of workforce accommodations, catering and complementary services to customers operating in the oil, natural gas and mining industries in western Canada. The Company owns a configurable fleet of equipment capable of accommodating camp sizes of 10 to over 800 workers and provides the staff necessary to operate these remote camps including foodservice, custodial and janitorial services as well as facility maintenance. Royal Camp’s customers are primarily oil and gas exploration and production companies, producers and developers of oil sands, providers of seismic services, and pipeline and general construction firms that outsource their Camp and Catering requirements to third parties so that they can focus on their core skill sets. For further information on Royal Camp, please visit www.royalcamp.com.
HKW is a private capital firm founded in 1903 and based in Indianapolis, Indiana with an office in New York. Since 1982, HKW has sponsored 47 platform transactions of lower middle-market companies throughout North America as well as 52 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.